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CBI Puts Mehr Inflation at 8.7%

The average goods and services Consumer Price Index for urban areas in the 12 months ending October 21, which marks the end of the Iranian month of Mehr, reached 8.7% compared with last year’s corresponding period, according to the latest report released by the Central Bank of Iran The CBI put the inflation rate for the preceding month (Shahrivar), which ended on September 21, at 8.8%, IRNA reported. The overall CPI—using Iranian fiscal year March 2011-12 as base year—stood at 248 in Mehr, indicating a 0.4% growth compared with the previous month. The index registered a year-on-year increase of 9.3% compared with last year’s similar month. The CBI report came after the Statistical Center of Iran put Mehr’s inflation at 7.9%.